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These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5 false1Common Stock, Shares, Issued1Each Unit consisted of one common share and one half of one common share purchase warrant (each whole such warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one common share of the Company (a "Warrant Share") at a price of CDN$0.75 until the date which is 60 months following the closing date of the private placement offering (the "Warrant Term"), provided, however, that the Company may accelerate the Warrant Term under certain conditions.2Each Unit consisted of one common share and one half of one common share purchase warrant (each whole such warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one common share of the Company (a "Warrant Share") at a price of CDN$0.75 until the date which is 60 months following the closing date of the private placement offering (the "Warrant Term"), provided, however, that the Company may accelerate the Warrant Term under certain conditions3On December 19, 2011, each Subscription Receipt was automatically converted for no additional consideration, into one unit of the Company (a "Unit") as a result of the Company's receipt of notice that its common stock was accepted for trading on the Toronto Stock Exchange under the trading symbol, "LSL", effective as of December 22, 2011. Each Unit is comprised of one common share and one common share purchase one warrant ("Warrant")4At a purchase price of US $0.50 per Unit; the issuance of 300,000 Units at an issuance price of US $0.50 per Unit for the settlement of related party notes; and, the issuance of 220,000 Units at an issuance price of US $0.50 per Unit in exchange for services. There were no underwriting discounts or commissions paid. Each Unit consists of one common share and one common share purchase warrant (a "Warrant").5CAD $0.556CADfalseNote 5 - Capital Stock and Warrants: Authorized, Issued and Outstanding (Details) (USD $)NoRoundingNoRoundingNoRoundingUnKnowntruefalsefalseSheethttp://www.libertysilvercorp.com/20130630/role/idr_DisclosureNote5CapitalStockAndWarrantsAuthorizedIssuedAndOutstandingDetails914